🔴 AAOG is trading 19.5% down today amid an intensifying semiconductor and AI infrastructure selloff

AAOG is trading at $2.82, down 19.46% in pre-market action, as the 2x leveraged ETF amplifies a broader downturn across the semiconductor and AI infrastructure sectors.

• The decline is tied to TSMC’s massive capex plans, which have triggered valuation concerns and a risk-off sentiment for chip and AI-related names.
• As a leveraged instrument tracking Applied Optoelectronics (AAOI), the fund is experiencing heightened volatility relative to its underlying equity during the ongoing tech selloff.